Bitcoin hovered near 88,000onWednesdayastradersmadeanotherlatepushtotidyupyear−endperformanceinamarketthathasstruggledtofindconvictionafterOctober’sleverageshock.ThatwobbletracesbacktoOct.10,whenacascadeofforcedliquidationsclearedmorethan19B of leveraged crypto positions in roughly a day, leaving spot markets cautious and derivatives traders quicker to de-risk. Since then, attention has shifted to the marginal buyer, and the flow picture has turned less suppo ...